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Cheryl Kitashima Has Settled Complaints of Unsuitability

Cheryl KitashimaPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that Washington-based Centaurus Financial broker/adviser Cheryl Kitashima has been the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Kitashima (CRD# 729389).

Cheryl Kitashima has spent 35 years in the securities industry and has been registered with Centaurus Financial in Bellevue, Washington since 2005. Previous registrations include KMS Financial Services in Seattle, Washington; Pacific Harbor Securities in Highland, Utah; Royal Alliance Associates in New York, New York; Integrated Resources Equity Corporation; FSC Securities; and Waddell & Reed. She is a registered broker and investment adviser with nine US states and territories: Arizona, California, Colorado, Idaho, Montana, New Mexico, Oregon, Utah, and Washington.

According to her BrokerCheck report, Cheryl Kitashima has received four customer complaints.

In July 2015, a customer alleged Cheryl Kitashima, while employed at Centaurus Financial, made unsuitable investment recommendations, committed fraud, failed to supervise, breached her fiduciary duty, and acted negligently. The complaint settled in March 2016 for $22,500.

In 2014, a customer alleged Cheryl Kitashima, while employed at Centaurus Financial, misrepresented material facts, made unsuitable recommendations, breached her fiduciary duty, and acted negligently in connection to alternative investments and variable annuities. The complaint settled in March 2016 for $87,500.

In 2014, a customer alleged Cheryl Kitashima, while employed at Centaurus Financial, recommended unsuitable investments, misrepresented material facts, and committed fraud. The complaint settled in March 2016 for $30,000.

In 2014, a customer alleged Cheryl Kitashima, while employed at Centaurus Financial, breached her fiduciary duty, misrepresented material facts, made unsuitable recommendations, and committed fraud. The complaint settled in November 2015 for $160,000, though Ms. Kitashima was not named in the arbitration.

If you have suffered losses while investing with Cheryl Kitashima, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.